Traders Purchase High Volume of Put Options on Yahoo! (YHOO)
Yahoo! (NASDAQ:YHOO) was the target of unusually large options trading on Tuesday. Investors acquired 34,824 put options on the company, AR Network reports. This represents an increase of 102% compared to the typical daily volume of 17,221 put options.
A number of analysts have recently weighed in on YHOO shares. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Yahoo! to $39.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday. Finally, analysts at Stifel Nicolaus raised their price target on shares of Yahoo! from $33.00 to $41.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Twenty-one analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.07.
Yahoo! (NASDAQ:YHOO) traded down 3.54% on Tuesday, hitting $32.93. 42,914,644 shares of the company’s stock traded hands. Yahoo! has a 52-week low of $15.65 and a 52-week high of $35.06. The stock has a 50-day moving average of $30.11 and a 200-day moving average of $27.03. The company has a market cap of $33.599 billion and a price-to-earnings ratio of 9.40.
Yahoo! (NASDAQ:YHOO) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that Yahoo! will post $1.47 EPS for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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